Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$439,657$422,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,198$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$2,990.84$2,928.14
2nd payment$0.00$0.00
Taxes / mo$391.58$391.58
Insurance / mo$166.67$166.67
MI / mo$0.00$84.58
HOA / mo$15.00$15.00
Total monthly$3,564.09$3,585.98
Cash to close$30,243$46,990